Sterling Sovereign (STSO) ICO

Sterling Sovereign will revolutionize travel booking by directly connecting travellers to providers through the blockchain, resulting in 20%-40% savings on travel purchases, as well as substantial increases in reliability, transparency, and transaction security. The current travel booking ecosystem is caught in a stranglehold by two sets of powerful intermediaries that stand between customers and providers: Global Distribution Systems (GDSs) and Online Travel Agencies (OTAs).

Recently A Technical team (STSO DEV team) from the US has introduced an amazing idea by working on the blockchain currencies. The team launched blockchain based erc20 token “Sterling sovereign token”, which would work as centralized currency, initially the currency would be used for hotel booking and flights booking system. A cryptocurrency with several features and outstanding supportive app you would see in the market soon and In future, we going to the partnership with major companies which help the community use our app get most out of it.

By investing in this ICO you agree to our Disclaimer

Sterling Sovereign (STSO) ratings

ICOrating.com

Hype score

NA

Risk score

NA

Investment rating

NA

ICObench.com

NA

ICOmarks.com

NA

TrackICO.io

NA

ICOholder.com

NA

Our rating

NA

Claim admin rights for this ICO

Overview

Features

Introduction and background

Sterling Sovereign will revolutionize travel
booking by directly connecting travellers to
providers through the blockchain, resulting
in 20%-40% savings on travel purchases, as
well as substantial increases in reliability,
transparency, and transaction security.

The current travel booking ecosystem is
caught in a stranglehold by two sets of
powerful intermediaries that stand between
customers and providers: Global Distribution
Systems (GDSs) and Online Travel Agencies
(OTAs).

GDS is a primarily B2B computerized
reservation network, utilized as a single
access point for making and tracking airline,
hotel, and rental cars reservations by travel
agents, OTAs, and consortiums like American
Express. Together Sabre, Galileo, Amadeus,
and Travel port control most of the GDS
industry. These companies extract substantial
fees to use these networks – for example,
the average added cost of an airline ticket
booked utilizing GDS is $10 (USD), and the
average hotel booking commission is 20%.
Developed initially in the 70s and 80s, GDS
predates the modern web, and unfortunately,
the security of their antiquated systems
predates any modern notion of web security
as well. Passenger private information can
be accessed utilizing a just single 6-digit
identifier coupled with the traveller’s last
name, allowing anyone with this information
to modify reservations or acquire that
traveller’s home address or email.

On the OTA side, two companies dominate:
the Priceline Group (which includes Booking.
com), and Expedia (which includes Travelocity
and Orbitz). Online global travel booking in
2016 exceeded $523 BN (USD), which was
over half the market of all travel sales, and
their share of the market continues to grow.
This effective duopoly has allowed OTAs to
impose “rate integrity” agreements on travel
providers, ensuring that no one can publicly
list lower prices than they themselves offer,
even on those providers’ own websites.

Sterling Sovereign will replace this morass
of hidden fees and artificial pricing with a
straightforward cost-plus model, powered by
the blockchain. Inventory is purchased at a
bulk discount from elite travel providers, and
listed on a secure platform. Members (anyone
who has purchased one Sterling Sovereign
token) may make airline, hotel reservations
on this platform using STERLING SOVEREIGN
tokens, and the resulting transactions are
executed immediately and recorded securely
on the blockchain. Since Sterling Sovereign
platform is members-only with a website
that requires a log-in, it is effectively private,
allowing Sterling Sovereign to circumvent
rate-integrity agreements and their bloated
margins and thereby offer its customers a
considerably lower price.

Overview

In addition to significant savings and genuine security,
Sterling Sovereign will provide numerous additional
benefits and advantages over current booking systems.
Sterling Sovereign Rewards program will offer a
substantial rebate on every purchase, in some cases
as high as 20%, returning Sterling Sovereign tokens to
members that can be used for future travel purchases.
Sterling Sovereign Referral program will award up to
10% of all Sterling Sovereign token spent by the person
referred to the referrer. Its platform will also feature
premium concierge services that will allow members
to maximize the enjoyment and success of their travel
plans.

Worldwide, the travel industry is a staggering $6.6 (USD)
enterprise, which creates a tremendous opportunity
for technological disruption for anyone with the right
combination of experience, connections, insight, and
technical savvy. Travel providers and consumers alike
are frustrated with the status quo, frustrated by high
commissions and fares, frustrated by monopolistic
intermediaries extracting rent on every booking.
Comprised of a set of industry specialists with over
50 years of travel and hospitality experience, Sterling
Sovereign team is uniquely positioned to seize this
opportunity. Their experience has already been
leveraged to form partnerships with most premier travel
providers, ensuring access to the best inventory.

Sterling Sovereign Token

The Sterling Sovereign is an ERC20 token that serves the following functions on its platform:

Based on the Reward rate for each travel option, a percentage of Reward
Sterling Sovereign tokens are returned to the member’s walletwith each
purchase.

Rewards Program:

Reward Sterling Sovereign tokens are only created through the Rewards
Program. Reward tokens can only be spent on the Sterling Sovereign
booking platform, and unlike regular Sterling Sovereign Tokens, they
cannot be sold or transferred. Reward Sterling Sovereign tokens function
as partial mechanism to reduce Sterling Sovereign velocity.

Sterling Sovereign tokens can be exchanged to purchase on many
exchanges and will have its own decentralized exchange.

Project team

Advisors

Social media

User rating:

How-To get a verified ICO status

To pass the verification you need to place a our logo on the main page of your ICO's website and make an announcement of the listing in your social network accounts. Send us the email in reply with confirmation of the link placement.

ICO listing

Services

Advertising

All information is taken from the public sources. If you find any discrepancies or false information about projects, infringement of copyrights or scam ICOs, please write us a feedback, we will reply as soon as possible. We do our best to create up-to-date database of the top-rated ICOs. Join the CryptoTotem team! Thank you.